7Baggers
Quarterly
Annual
    Unit: USD2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28 2020-11-30 2020-08-31 2020-05-31 2020-02-29 2019-11-30 
      
    		                        
      cash flows from operating activities:
    		                        
      net earnings
    		599,811,000 481,820,000 528,713,000 1,099,874,000 1,187,274,000 960,586,000 719,921,000 1,367,289,000 1,116,952,000 877,742,000 599,308,000 1,343,934,000 1,472,694,000 1,322,558,000 509,315,000 1,193,650,000 1,409,218,000 836,772,000 1,016,909,000 890,909,000 669,323,000 516,098,000 391,223,000 671,183,000 
      adjustments to reconcile net earnings to net cash from operating activities:
    		                        
      depreciation and amortization
    		34,169,000 33,825,000 31,332,000 30,409,000 29,373,000 28,607,000 27,139,000 29,018,000 37,107,000 23,734,000 20,305,000 29,154,000 18,402,000 19,430,000 20,089,000 20,109,000 21,102,000 22,418,000 22,325,000 25,782,000 24,307,000 24,050,000 20,414,000 28,378,000 
      amortization of discount/premium and accretion on debt
    		109,000 -51,000 -91,000 -259,000 71,000 297,000 39,000           -2,357,000 -2,361,000 -6,143,000 -4,793,000 -6,896,000 -6,943,000 -6,369,000 
      equity in earnings from unconsolidated entities
    		            13,311,000            
      distributions of earnings from unconsolidated entities
    		8,196,000 8,484,000 11,586,000 121,457,000 13,214,000 12,472,000 8,422,000 19,411,000 17,057,000 12,034,000 4,623,000 24,925,000 35,326,000 6,228,000 4,822,000 5,432,000 24,958,000 11,360,000 4,234,000 23,037,000 1,036,000 1,078,000 36,922,000 3,578,000 
      share-based compensation expense
    		25,505,000 28,773,000 84,085,000 22,582,000 31,908,000 34,506,000 87,680,000 21,104,000 12,885,000 40,173,000 86,558,000 29,376,000 38,200,000 35,053,000 81,457,000 29,235,000 24,751,000 31,817,000 48,818,000 23,332,000 28,658,000 23,286,000 31,855,000 21,502,000 
      deferred income tax expense
    		38,951,000 14,909,000 23,472,000  62,520,000           -96,632,000 151,623,000 21,719,000 114,917,000 -32,824,000 45,168,000 22,732,000 57,006,000 90,524,000 
      gains on redemption/repurchase of senior notes
    		                        
      loans held-for-sale unrealized gains
    		                        
      lennar other realized and unrealized losses (gains) from technology investments and other losses (gains)
    		                        
      gains on sale of other assets and loans receivables
    		511,000                        
      gain on sale of investments in unconsolidated entities and other
    		-645,000                        
      valuation adjustments and write-offs of option deposits and pre-acquisition costs on real estate, and other assets
    		57,166,000 61,466,000 28,261,000  99,251,000 19,917,000 6,609,000                  
      changes in assets and liabilities:
    		                        
      increase in receivables
    		   -105,042,000    -496,764,000    -258,015,000             
      increase in inventories, excluding valuation adjustments
    		309,653,000 -1,111,329,000 -513,257,000 422,607,000 -76,522,000 -346,157,000 -285,023,000                  
      increase in deposits and pre-acquisition costs on real estate
    		-466,674,000 -23,744,000 -757,972,000 -646,940,000 -229,611,000 -344,296,000 -410,936,000                  
      increase in other assets
    		-77,221,000 -75,170,000 -57,501,000 -28,525,000    15,838,000 11,112,000 -103,816,000 -8,139,000 97,431,000 -84,708,000 23,915,000 -49,968,000 32,969,000 26,909,000 -80,428,000 -100,486,000  23,446,000 -26,581,000 -121,506,000  
      decrease in loans held-for-sale
    		-120,983,000 -83,856,000 445,233,000  -90,784,000 281,991,000 53,797,000  -143,559,000 66,084,000 511,807,000  -17,109,000 -73,352,000 409,435,000  -235,151,000 83,831,000 360,582,000    474,243,000  
      decrease in accounts payable and other liabilities
    		-378,022,000 -384,991,000 -215,035,000  204,474,000 -54,562,000 -326,404,000                  
      net cash from operating activities
    		-158,611,000 -1,095,022,000 -289,042,000 974,505,000 819,248,000 241,759,000 367,867,000 2,589,197,000 951,865,000 660,471,000 978,205,000 2,714,216,000 498,842,000 124,841,000 -72,231,000 1,220,427,000 594,227,000 332,612,000 385,508,000 1,293,975,000 1,586,041,000 927,827,000 382,976,000 1,184,050,000 
      cash flows from investing activities:
    		                        
      net additions of operating properties and equipment
    		-32,165,000 -15,216,000 -56,043,000  -18,405,000 -38,808,000 -72,925,000  -22,342,000 -25,845,000 -5,423,000  -16,668,000 -5,086,000 -5,780,000  -15,597,000 -15,117,000 -9,245,000  -17,125,000 -7,822,000 -17,909,000  
      proceeds from sale of other assets
    		4,107,000                        
      proceeds from sale of investments in unconsolidated joint venture
    		                        
      proceeds from sales of investments
    		14,859,000 0 72,003,000                      
      investments in and contributions to unconsolidated entities
    		-57,516,000 -66,785,000 -78,709,000 -113,658,000 -64,119,000 -130,192,000 -117,593,000 -48,512,000 -44,224,000 -51,025,000 -57,281,000 -50,667,000 -135,362,000 -122,463,000 -138,909,000  -72,385,000 -58,091,000 -224,112,000    -78,607,000 -106,467,000 
      distributions of capital from unconsolidated entities
    		60,390,000 139,748,000 35,455,000  174,720,000 26,477,000 35,330,000  23,461,000 22,506,000 23,993,000  92,678,000 65,562,000 173,561,000  60,921,000 148,304,000 83,241,000  20,584,000 28,769,000 86,324,000  
      proceeds from sale of loan receivables
    		                        
      acquisition, net of cash and restricted cash acquired
    		0 -23,066,000 -231,426,000                      
      decrease (increase) in financial services loans held-for-investment
    		                    2,284,000 -2,590,000 2,733,000  
      purchases of investment securities
    		0 0 -3,456,000 0 -2,456,000 0 -2,063,000 0 -1,000,000   0 -15,000,000 -7,500,000 -71,269,000 -6,487,000 -77,977,000   3,745,000 -19,651,000 -21,535,000 -8,107,000 -4,382,000 
      proceeds from maturities/sales of investment securities
    		972,000 612,000 1,934,000 2,970,000 933,000 1,828,000 1,493,000 895,000 919,000 921,000 1,938,000 8,420,000 5,370,000 1,319,000 1,783,000 4,451,000 1,945,000 922,000 8,994,000      
      net cash from investing activities
    		-7,247,000 161,391,000 21,490,000 -125,733,000 97,960,000 -126,869,000 -147,915,000 -62,016,000 -34,393,000 -44,217,000 -36,355,000 3,165,000 -66,699,000 -44,776,000 -19,992,000 26,082,000 -81,096,000 43,280,000 -93,352,000 -12,738,000 -93,425,000 -187,221,000 13,179,000 58,953,000 
      cash flows from financing activities:
    		                        
      net borrowings under revolving credit facility
    		                        
      net repayments under warehouse facilities
    		447,707,000 19,013,000 -533,831,000  135,315,000 -154,189,000 -599,514,000  -2,876,000 -14,598,000 -963,455,000  165,947,000 124,607,000 -528,667,000  178,262,000 -34,885,000 -500,849,000  -479,123,000 445,386,000 -755,602,000  
      proceeds from issuance of senior notes
    		0                        
      redemption/repurchases of senior notes
    		0   0 0   -488,074,000                 
      principal payments on notes payable and other borrowings
    		-8,330,000 -12,729,000 -27,600,000 471,000 -3,323,000 -36,922,000 -3,750,000 -16,076,000 -54,527,000 -7,894,000 -26,621,000 -12,537,000 -12,942,000 -3,824,000 -18,776,000 -29,809,000 -50,439,000 -59,614,000 -55,350,000 -54,739,000 -375,874,000 -81,132,000 -93,250,000  
      net cash distributed in connection with millrose properties, inc. spin-off
    		0 0 -416,006,000                      
      proceeds from liabilities related to consolidated inventory not owned
    		0 0 259,000 65,084,000 24,805,000 37,985,000 67,650,000 120,024,000 154,399,000 116,520,000 70,369,000 321,819,000 287,910,000 358,015,000 199,483,000 253,008,000 139,308,000 234,437,000 67,432,000      
      proceeds from other borrowings
    		    0 1,000 6,230,000         0 0 5,070,000 8,903,000 22,656,000 10,893,000 31,562,000 27,577,000 26,117,000 
      payments for liabilities related to consolidated inventory not owned
    		-93,632,000                        
      payments related to other liabilities
    		-1,421,000 -1,421,000 -1,421,000 -1,421,000 -1,421,000 14,080,000 -16,922,000  -1,395,000 -1,364,000 -1,257,000            -5,480,000  
      receipts related to noncontrolling interests
    		4,953,000 9,701,000 11,328,000 3,073,000 2,322,000 8,926,000 5,796,000 14,840,000 1,391,000 2,421,000 2,497,000 11,756,000 11,965,000 11,111,000 6,984,000 51,100,000 4,670,000 5,009,000 8,896,000 1,052,000 6,504,000 80,148,000 88,913,000 464,000 
      payments related to noncontrolling interests
    		-1,812,000 -576,000 -5,389,000 -831,000 -19,173,000 -24,667,000 -1,979,000 -27,854,000 -22,795,000 633,000 -21,256,000 -6,231,000 -19,577,000 -6,133,000 -59,388,000 -3,746,000 -3,633,000 -5,829,000 -11,397,000 -12,899,000 -7,949,000 -4,767,000 -16,734,000 -8,045,000 
      debt issuance costs
    		-2,085,000                        
      common stock:
    		                        
      repurchases
    		-512,418,000 -521,419,000 -774,475,000 -527,156,000 -524,602,000 -609,606,000 -595,100,000 -341,100,000 -376,314,000 -207,339,000 -257,958,000 -120,627,000 -13,139,000 -324,243,000 -581,300,000 -977,704,000 -278,864,000 -104,164,000 -69,480,000 -2,535,000 -22,896,000 -105,000 -295,988,000 -103,752,000 
      dividends
    		-129,122,000 -133,589,000 -131,646,000 -134,655,000 -135,850,000 -138,931,000 -139,387,000 -105,201,000 -107,082,000 -110,386,000 -107,891,000 -108,321,000 -108,749,000 -110,846,000 -110,122,000 -75,788,000 -77,662,000 -78,483,000 -77,843,000 -77,931,000 -38,967,000 -38,905,000 -39,240,000 -12,678,000 
      net cash from financing activities
    		443,840,000 -175,369,000 -2,134,643,000 -169,706,000 -527,448,000 -1,454,974,000 -1,529,422,000 -80,275,000 -1,109,284,000 -574,567,000 -1,483,463,000 547,059,000 -434,222,000 -132,230,000 -1,257,886,000 -1,102,816,000 -484,086,000 -188,145,000 -629,688,000 -580,585,000 -917,420,000 -158,766,000 -789,804,000 -844,174,000 
      net decrease in cash and cash equivalents and restricted cash
    		277,982,000 -1,109,000,000 -2,402,195,000  389,760,000 -1,340,084,000 -1,309,470,000  -191,812,000 41,687,000 -541,613,000  -2,079,000 -52,165,000 -1,350,109,000    -337,532,000    -393,649,000  
      cash and cash equivalents and restricted cash at beginning of period
    		0 0 4,990,210,000  0 0 6,570,938,000  0 0 4,815,770,000  0 0 2,955,683,000  0 0 2,932,730,000  0 0 1,468,691,000  
      cash and cash equivalents and restricted cash at end of period
    		277,982,000 -1,109,000,000 2,588,015,000  389,760,000 -1,340,084,000 5,261,468,000  -191,812,000 41,687,000 4,274,157,000  -2,079,000 -52,165,000 1,605,574,000  29,045,000 187,747,000 2,595,198,000  575,196,000 581,840,000 1,075,042,000  
      summary of cash and cash equivalents and restricted cash:
    		                        
      homebuilding
    		238,072,000 -1,115,785,000 2,283,928,000 625,238,000 439,912,000 -1,352,635,000 4,950,128,000 2,385,915,000 -116,870,000 -53,277,000 4,057,956,000 3,306,760,000 -5,377,000 -51,856,000 1,366,597,000 111,893,000 41,737,000 160,172,000 2,421,411,000 725,231,000 570,504,000 614,635,000 793,616,000 401,887,000 
      financial services
    		13,482,000 13,814,000 188,833,000 18,542,000 -88,944,000 11,938,000 233,846,000 -7,725,000 -92,522,000 96,738,000 163,000,000 -4,252,000 4,968,000 -29,370,000 168,032,000 30,000,000 6,493,000 12,672,000 117,856,000 -112,259,000 -1,191,000 -30,985,000 260,606,000 7,729,000 
      multifamily
    		3,126,000 -819,000 15,030,000 6,193,000 13,200,000 -15,536,000 27,091,000 10,622,000 10,173,000 3,464,000 15,075,000 -23,043,000 -20,320,000 26,751,000 34,439,000 1,548,000 -7,093,000 -3,249,000 25,644,000 17,372,000 8,530,000 -2,729,000 15,790,000 -7,767,000 
      lennar other
    		-161,000 -6,288,000 28,981,000 7,029,000 16,478,000 14,484,000 2,700,000 -3,396,000 569,000 -2,050,000 6,825,000 -4,790,000 8,030,000 -606,000 2,757,000 -838,000 424,000 -814,000 3,888,000 616,000 -2,647,000 919,000 5,030,000 -3,022,000 
      homebuilding restricted cash
    		5,941,000 1,500,000 22,487,000 -801,000 1,028,000 -1,063,000 12,635,000 -2,720,000 -2,799,000 -3,504,000 22,504,000 -9,529,000 4,135,000 1,415,000 27,025,000 408,000 -14,118,000 17,759,000 17,878,000      
      financial services restricted cash
    		17,522,000 -1,422,000 48,756,000 22,865,000 8,086,000 2,728,000 35,068,000 64,210,000 9,637,000 316,000 8,797,000 -706,000 6,485,000 1,501,000 6,724,000 682,000 1,602,000 1,207,000 8,521,000      
      supplemental disclosures of non-cash investing and financing activities:
    		                        
      homebuilding:
    		                        
      payments of inventories financed by sellers
    		0 0 320,000                      
      net non-cash contributions to unconsolidated entities
    		0 145,124,000 17,330,000 8,901,000                     
      non-cash impact of millrose properties, inc. spin-off:
    		                        
      inventories
    		0 -2,328,000 -5,576,376,000         -82,146,000 -102,314,000       0 131,435,000   0 
      investments in unconsolidated entities
    		0 2,328,000 1,194,711,000         8,039,000 68,320,000       0    0 
      other assets
    		0 0 -60,156,000          -2,000            
      notes payable
    		0 0 19,000,000                 0    0 
      retained earnings
    		0 0 4,422,821,000                      
      equity in (earnings) losses from unconsolidated entities
    		                        
      loans held-for-sale unrealized losses
    		                        
      lennar other realized and unrealized losses from technology investments and other losses
    		                        
      decrease in receivables
    		 -48,154,000 117,753,000   -348,146,000 379,102,000   -166,877,000 602,757,000   -254,255,000 380,502,000    45,649,000    245,694,000  
      proceeds from sale of investments in unconsolidated joint ventures
    		                        
      proceeds from sale of loans receivables
    		                        
      decrease in financial services loans held-for-investment
    		 999,000 8,467,000   211,000 2,749,000 2,107,000 3,340,000 8,464,000 418,000    11,431,000    3,777,000      
      net borrowings under revolving line of credit
    		                      300,000,000  
      non-cash impacts of millrose properties, inc. spin-off:
    		                        
      adjustments to reconcile net earnings to net cash (used in ) provided by operating activities:
    		                        
      equity in (earnings) income from unconsolidated entities
    		  -33,234,000             15,578,000 3,047,000       9,707,000 
      loans held-for-sale unrealized (gains) losses
    		  -30,403,000                      
      lennar other realized losses and unrealized (gains) losses from technology investments and other (gains) losses
    		  71,427,000                      
      gains on sale of other assets
    		  -23,411,000                      
      proceeds from the sale of other assets
    		  40,258,000   13,615,000 5,094,000 0                 
      proceeds from sale of investment in unconsolidated joint ventures
    		  233,007,000                      
      payments related to liabilities related to consolidated inventory not owned
    		  -255,862,000 46,420,000 -5,521,000 2,214,000 -252,446,000                  
      deferred income tax (benefit) expense
    		      11,979,000     -230,662,000 66,470,000 -28,429,000 -54,032,000          
      lennar other unrealized (gains) losses from technology investments and other (gains) losses
    		   -32,037,000 -41,704,000                    
      gains on sale of operating properties and equipment and other assets
    		   -23,409,000                     
      gain on redemption/repurchases of senior notes and other debts payable
    		                        
      valuation adjustments and write-offs of option deposits and pre-acquisition costs on real estate, other receivables and other assets
    		                        
      increase in loans held-for-sale
    		                        
      increase in accounts payable and other liabilities
    		       256,028,000 109,429,000 -300,339,000 -690,980,000 520,167,000 -95,749,000 180,240,000 96,455,000 367,302,000 329,291,000 1,132,000 183,584,000 100,842,000 153,502,000 580,000 11,564,000 100,910,000 
      net additions to operating properties and equipment
    		                        
      proceeds from the sale of operating properties and equipment and other assets
    		   30,006,000                   13,067,000  
      distributions of capital from unconsolidated and consolidated entities
    		                       155,412,000 
      proceeds from sale of commercial mortgage-backed securities bonds
    		           0 0 0 9,191,000 0 0 0 11,307,000 0 0 0 3,248,000  
      increase in financial services loans held-for-investment
    		   1,745,000             17,113,000       -614,000 
      other receipts
    		               4,000 4,000 -676,000 684,000    1,677,000  
      net (repayments) borrowings under warehouse facilities
    		                        
      net increase in cash and cash equivalents and restricted cash
    		               143,693,000 29,045,000   700,652,000 575,196,000    
      cash and cash equivalents and restricted cash at beginning of year
    		                        
      cash and cash equivalents and restricted cash at end of year
    		                        
      supplemental disclosures of cash flow information:
    		                        
      cash paid for interest, net of amounts capitalized
    		                        
      cash paid for income taxes
    		                        
      purchases of inventories financed by sellers
    		   1,047,000                     
      consolidation/deconsolidation of unconsolidated/consolidated entities, net:
    		                        
      operating properties and equipment and other assets
    		                   0 495,000 7,042,000 -667,000 0 
      other liabilities
    		           6,474,000 164,000       0 -1,637,000 0 182,000 0 
      noncontrolling interests
    		           34,474,000 33,832,000       0 -17,079,000 28,917,000 485,000 0 
      gains on redemption/repurchases of senior notes
    		    0                    
      equity in income from unconsolidated entities
    		     4,309,000 30,545,000  23,989,000 49,755,000 31,187,000    9,752,000    7,897,000    2,572,000  
      decrease (increase) in other assets
    		     -7,668,000 19,061,000                  
      purchases of inventories and other assets financed by sellers
    		          13,500,000  52,000 27,493,000 6,150,000  148,000 69,985,000 68,978,000  14,115,000 27,617,000 75,365,000  
      loans held-for-sale unrealized loss
    		      46,052,000 -6,700,000 9,795,000 -7,899,000 31,462,000  14,319,000 -350,000 27,387,000  -4,196,000 -4,669,000 35,021,000      
      lennar other unrealized losses from technology investments and other (gains) losses
    		      2,555,000                  
      gain on sale of other assets
    		      -2,671,000                  
      homebuilding and multifamily:
    		                        
      purchases of inventories, land under development and other assets financed by sellers
    		      23,081,000                  
      gain on sale of other assets, operating properties and equipment, cmbs bonds and other liabilities
    		                        
      gain on sale of interest in unconsolidated entity and other multifamily gain
    		               0 0 18,017,000 -19,184,000 44,000 0 0 -4,661,000  
      gain on sale of financial services' portfolio/businesses
    		               -1,283,000 0   0     
      proceeds from sale of investment in consolidated/unconsolidated joint ventures
    		                        
      proceeds from sale of financial services' portfolio/businesses
    		                   0     
      net borrowings under warehouse facilities
    		                        
      payments related to consolidated inventory not owned
    		       -245,304,000 -224,790,000 -194,796,000 -177,891,000  -170,637,000 -180,917,000 -166,100,000 -112,310,000 -88,587,000        
      (payments) proceeds related to other liabilities
    		               32,706,000         
      amortization of discount/premium on debt
    		        -503,000 -853,000 -838,000  -353,000 -469,000 -490,000          
      deferred income tax benefit
    		        29,198,000 -49,580,000 -81,940,000              
      gain on redemption/repurchases of senior notes
    		                        
      valuation adjustments and write-offs of option deposits, pre-acquisition costs and other assets
    		        11,334,000 59,271,000 25,846,000              
      increase in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs
    		        -18,312,000 188,446,000 -177,705,000 1,510,349,000 -779,812,000 -1,200,724,000 -1,913,634,000 292,206,000 -676,400,000 -714,300,000 -862,120,000   617,874,000 -777,012,000 986,685,000 
      non-cash contributions to unconsolidated entities
    		        0 0 120,000  63,614,000 16,433,000 124,864,000  0    0 0 13,859,000  
      gain on repurchases of senior notes
    		                        
      gain on sale of other assets and operating properties and equipment
    		            0    0        
      repurchases of senior notes
    		                        
      lennar other unrealized losses from technology investments
    		          23,954,000              
      unrealized (gain) loss on loans held-for-sale
    		                        
      lennar other unrealized/realized (gains) losses
    		                        
      gain on sale of other assets, operating properties and equipment, cmbs bonds, other liabilities and real estate owned
    		                        
      gain on deconsolidation of an entity
    		                        
      (gain) loss on retirement of senior notes and other debts payable
    		                        
      valuation adjustments and write-offs of option deposits and pre-acquisition costs, other receivables and other assets
    		                        
      proceeds from the sale of operating properties and equipment, other assets, cmbs bonds and real estate owned
    		                        
      net borrowings (repayments) under warehouse facilities
    		                        
      redemption of senior notes
    		           0    -859,852,000    -1,186,999,000 -13,000,000   -600,000,000 
      payments related to liabilities from consolidated inventory not owned
    		                        
      non-cash right of use assets due to adoption of asu 2016-02
    		                        
      non-cash lease liabilities due to adoption of asu 2016-02
    		                        
      financial services assets
    		                   -435,130,000 0    
      financial services liabilities
    		                   230,350,000 0    
      financial services noncontrolling interests
    		                   204,780,000 0    
      lennar other unrealized (gains) losses from technology investments and other (gain) loss
    		                        
      valuation adjustments and write-offs of option deposits and pre-acquisition costs
    		            12,636,000 3,102,000 11,509,000  2,444,000 12,941,000 635,000  11,532,000 40,583,000 24,515,000  
      proceeds from sale of investment in consolidated joint venture
    		                0        
      proceeds from sale of financial services portfolio/business
    		                        
      lennar other unrealized
    		                        
      proceeds from the sale of operating properties and equipment, other assets
    		                4,880,000 0 32,002,000      
      non-cash increase in investment in equity securities
    		                        
      non-cash increase in receivables
    		                        
      non-cash increase in other liabilities
    		                        
      lennar other unrealized (gain) income from technology investments
    		              395,170,000          
      lennar other unrealized/realized gains
    		                        
      (gain) loss on sale of other assets, operating properties and equipment, cmbs bonds, other liabilities and real estate owned
    		                        
      (gain) loss on deconsolidation/consolidation of an entity
    		                        
      investments in and contributions to unconsolidated entities/deconsolidation of previously consolidated entity
    		                   -73,743,000 -109,690,000    
      receipts of principal payments on loans receivable and other
    		                       230,000 
      issuances
    		                       105,000 
      lennar other restricted cash
    		                        
      net non-cash contributions (distributions) to unconsolidated entities
    		                        
      non-cash sale of operating properties and equipment and other assets
    		                        
      non-cash right of use assets recognized due to adoption of asu 2016-02
    		                        
      non-cash lease liabilities recognized due to adoption of asu 2016-02
    		                        
      receivables
    		                       0 
      lennar other unrealized/realized gain
    		                -495,202,000        
      loss on consolidation
    		                   0     
      gain on deconsolidation of previously consolidated entity
    		                   0 0    
      proceeds from sale of financial services' portfolio/business
    		                0        
      decrease (increase) in receivables
    		                       -215,735,000 
      proceeds related to other liabilities
    		                        
      lennar other unrealized gain
    		                  -469,745,000      
      gain on sale of other assets, operating properties and equipment and real estate owned
    		                  -1,167,000  -2,720,000 -10,216,000 -2,910,000  
      loss on retirement of senior notes and other debts payable
    		                        
      gain on sale of rialto investment and asset management platform
    		                        
      decrease (increase) in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs
    		                   667,933,000     
      decrease (increase) in loans held-for-sale
    		                   -402,905,000 76,174,000    
      proceeds from sale of investments in unconsolidated entities
    		                        
      purchases of cmbs bonds
    		                        
      proceeds from sale of rialto investment and asset management platform
    		                        
      acquisitions, net of cash and restricted cash acquired
    		                        
      other receipts (payments)
    		                        
      net repayments under revolving lines of credit
    		                        
      conversions, exchanges and redemption of convertible senior notes
    		                       0 
      principal payments on rialto notes payable including structured notes
    		                        
      payments to other liabilities
    		                        
      conversions of and exchanges on convertible senior notes to equity
    		                        
      equity component of acquisition consideration
    		                        
      equity in loss (earnings) from unconsolidated entities
    		                        
      proceeds from the sale of operating properties and equipment, other assets and real estate owned
    		                    3,369,000    
      proceeds from sale of investment in unconsolidated entity
    		                        
      proceeds from maturities/sales of investments securities
    		                    20,953,000 14,385,000 10,753,000  
      net proceeds related to other liabilities
    		                        
      gain on sale of financial services' servicing portfolio/businesses
    		                        
      proceeds from sale of financial services' servicing portfolio/businesses
    		                        
      proceeds (payments) related to other liabilities
    		                        
      gain on sale of financial services' businesses
    		                       0 
      proceeds from sale of financial services' businesses
    		                       0 
      excess tax benefits from share-based awards
    		                        
      gain on sale of other assets, operating properties and equipment and cmbs bonds
    		                        
      loss on consolidation of previously unconsolidated entity
    		                       0 
      gain on sale of interest in multifamily unconsolidated entities
    		                        
      gain on sale of interest in unconsolidated entities
    		                        
      unrealized and realized gains on real estate owned
    		                       603,000 
      impairments of loans receivable and real estate owned
    		                        
      proceeds from the sale of other assets, operating properties and equipment and cmbs bonds
    		                        
      proceeds from sales of real estate owned
    		                       306,000 
      receipts of principal payments on loans held-for-sale
    		                        
      originations of loans receivable
    		                        
      purchases of commercial mortgage-backed securities bonds
    		                        
      other payments
    		                        
      proceeds from senior notes
    		                        
      proceeds from rialto notes payable
    		                        
      (payments) proceeds to/from other liabilities
    		                        
      principal payments on other borrowings
    		                       -34,718,000 
      gain on sale of operating properties and equipment
    		                        
      gain on sale of interest in unconsolidated entities and other multifamily gain
    		                        
      impairments of loans held-for-sale and real estate owned
    		                        
      proceeds from sale of investment in unconsolidated entities
    		                        
      net borrowings under revolving lines of credit
    		                        
      conversions and exchanges on convertible senior notes
    		                        
      loss on retirement of debt and notes payable
    		                        
      gain on sale of interest in unconsolidated entity
    		                        
      gain on sale of other assets (investment carried at cost)/cmbs bonds
    		                        
      decrease in restricted cash
    		                        
      decrease (increase) in restricted cash related to investments or locs
    		                        
      proceeds from the sale of operating properties and equipment
    		                        
      acquisitions, net of cash acquired
    		                        
      proceeds from sales of investments available-for-sale
    		                        
      decrease (increase) in lennar financial services held-for-investment
    		                        
      purchases of lennar financial services investment securities
    		                        
      net increase in cash and cash equivalents
    		                        
      cash and cash equivalents at beginning of year
    		                        
      cash and cash equivalents at end of year
    		                        
      summary of cash and cash equivalents:
    		                        
      lennar homebuilding
    		                        
      lennar financial services
    		                        
      lennar multifamily
    		                        
      rialto
    		                        
      lennar homebuilding and lennar multifamily:
    		                        
      rialto:
    		                        
      real estate owned acquired in satisfaction/partial satisfaction of loans receivable
    		                        
      liabilities related to consolidated inventory not owned
    		                        
      lennar homebuilding equity in income from unconsolidated entities
    		                        
      gain on distribution of net assets from lennar homebuilding unconsolidated entities
    		                        
      distributions of earnings from lennar homebuilding unconsolidated entities
    		                        
      rialto investments equity in (earnings) income from unconsolidated entities
    		                        
      distributions of earnings from rialto investments unconsolidated entities
    		                        
      lennar multifamily equity in income from unconsolidated entities
    		                        
      tax benefit from share-based awards
    		                        
      gain on retirement of lennar homebuilding debt
    		                        
      gain on sale of operating property and equipment
    		                        
      loss on retirement of lennar homebuilding senior notes
    		                        
      unrealized and realized gains on rialto investments real estate owned
    		                        
      unrealized gain on rialto investments bargain purchase acquisition
    		                        
      gain on sale of rialto investments commercial mortgage-backed securities
    		                        
      impairments of rialto investments loans receivable and reo
    		                        
      increase in restricted cash
    		                        
      increase in rialto investments loans held-for-sale
    		                        
      decrease (increase) in lennar financial services loans-held-for-sale
    		                        
      increase in restricted cash related to locs
    		                        
      investments in and contributions to lennar homebuilding unconsolidated entities
    		                        
      distributions of capital from lennar homebuilding unconsolidated entities
    		                        
      investments in and contributions to rialto investments unconsolidated entities
    		                        
      investments in and contributions to lennar multifamily unconsolidated entities
    		                        
      distributions of capital from rialto investments unconsolidated entities
    		                        
      distributions of capital from lennar multifamily unconsolidated entities
    		                        
      decrease (increase) in rialto investments defeasance cash to retire notes payable
    		                        
      receipts of principal payments on rialto investments loans receivable
    		                        
      proceeds from sales of rialto investments real estate owned
    		                        
      rialto investments acquisition, net of cash acquired
    		                        
      improvements to rialto investments real estate owned
    		                        
      purchases of loans receivables
    		                        
      purchases of lennar homebuilding investments available-for-sale
    		                        
      proceeds from sales of lennar homebuilding investments available-for-sale
    		                        
      proceeds from sale of investments in commercial mortgage-backed securities
    		                        
      increase in lennar financial services loans held-for-investment
    		                        
      proceeds from maturities of lennar financial services investments securities
    		                        
      net (repayments) borrowings under lennar financial services debt
    		                        
      net borrowings under rialto investments warehouse repurchase facilities
    		                        
      proceeds from convertible senior notes
    		                        
      debt issuance costs of senior notes and convertible senior notes
    		                        
      partial redemption of senior notes
    		                        
      principal repayments on rialto investments notes payable
    		                        
      proceeds from rialto investments senior notes
    		                        
      exercise of land option contracts from an unconsolidated land investment venture
    		                        
      rialto investments
    		                        
      non-cash contributions to lennar homebuilding unconsolidated entities
    		                        
      non-cash distributions from lennar homebuilding unconsolidated entities
    		                        
      inventory acquired in satisfaction of other assets including investments available-for-sale
    		                        
      non-cash reclass from inventories to operating properties and equipment
    		                        
      non-cash purchases of investments available-for-sale
    		                        
      non-cash reduction of equity due to purchase of noncontrolling interest
    		                        
      non-cash purchase of noncontrolling interests
    		                        
      non-cash contributions to lennar multifamily unconsolidated entities
    		                        
      rialto investments:
    		                        
      real estate owned acquired in bargain purchase acquisition
    		                        
      net liabilities assumed in bargain purchase acquisition
    		                        
      notes payable and other liabilities assumed from loans receivable deficiency settlements
    		                        
      reductions in loans receivable from deficiency settlements
    		                        
      consolidations of newly formed or previously unconsolidated entities, net:
    		                        
      investments in lennar homebuilding unconsolidated entities
    		                        
      debts payable
    		                        
      adjustments to reconcile net earnings (including net earnings attributable to noncontrolling interests) to net cash from operating activities:
    		                        
      shared based compensation expense
    		                        
      impairments and charge-offs of rialto investments loans receivable and reo
    		                        
      increase in lennar financial services loans-held-for-sale
    		                        
      investments in and contributions to rialto investments consolidated entities
    		                        
      acquisition of rialto investment portfolios of distressed loans and real estate assets
    		                        
      increase in rialto investments defeasance cash to retire notes payable
    		                        
      investments in commercial mortgage-backed securities
    		                        
      net borrowings under lennar financial services debt
    		                        
      cash (paid) received for income taxes
    		                        
      lennar homebuilding:
    		                        
      purchases of portfolios of distressed loans and real estate assets financed by sellers
    		                        
      loans receivable
    		                        
      investments in rialto investments consolidated entities
    		                        
      adjustments to reconcile net earning (loss) (including net earnings attributable to noncontrolling interests ) to net cash from operating activities:
    		                        
      gain on recapitalization of lennar homebuilding unconsolidated entity
    		                        
      lennar homebuilding equity in income from unconsolidated entities, including 10.5 million, 101.9 million and 32.2 million, respectively, of the company’s share of valuation adjustments related to assets of lennar homebuilding unconsolidated entities in 2010, 2009 and 2008
    		                        
      distribution of earnings from lennar homebuilding unconsolidated entities
    		                        
      rialto investments equity in earnings from unconsolidated entities
    		                        
      tax provision from share-based awards
    		                        
      deferred income tax provision
    		                        
      gain on retirement of lennar homebuilding other debt
    		                        
      gain on retirement of lennar homebuilding senior notes
    		                        
      gains on rialto investments real estate owned
    		                        
      valuation adjustments, write-offs of option deposits and pre-acquisition costs, write-offs of notes and other receivables and goodwill impairments
    		                        
      decrease (increase) in restricted cash
    		                        
      increase in lennar financial services loans held-for-sale
    		                        
      net (additions) disposals of operating properties and equipment
    		                        
      acquisitions of rialto investments portfolios of distressed loans and real estate assets
    		                        
      receipts of principal payments on loans receivable
    		                        
      decrease in lennar financial services loans held-for-investment
    		                        
      proceeds from sales and maturities of investment securities
    		                        
      net borrowings (repayments) of lennar financial services debt
    		                        
      exercise of land options contracts from an unconsolidated land investment venture
    		                        
      cash received for income taxes
    		                        
      purchase of portfolios of distressed loans and real estate assets financed by sellers
    		                        
      rialto investments real estate owned acquired in satisfaction of loans receivable
    		                        
      gain on recapitalization of unconsolidated entity
    		                        
      gain on sale of personal lines insurance policies
    		                        
      equity in income from unconsolidated entities, including 32.2 million, 364.2 million and 126.4 million, respectively, of the company’s share of sfas 144 valuation adjustments related to assets of unconsolidated entities in 2008, 2007 and 2006
    		                        
      distribution of earnings from unconsolidated entities
    		                        
      minority interest income
    		                        
      tax benefits from share-based awards
    		                        
      valuation adjustments and write-offs of option deposits and pre-acquisition costs, notes receivables and goodwill impairments
    		                        
      changes in assets and liabilities, net of effect from acquisitions:
    		                        
      decrease in other assets
    		                        
      decrease in financial services loans held-for-sale
    		                        
      contributions to unconsolidated entities
    		                        
      distributions in excess of investment in unconsolidated entity
    		                        
      proceeds from sale of personal lines insurance policies
    		                        
      net repayments under financial services debt
    		                        
      net proceeds from 5.95% senior notes
    		                        
      net proceeds from 6.50% senior notes
    		                        
      redemption of senior floating-rate notes due 2007
    		                        
      redemption of senior floating-rate notes due 2009
    		                        
      partial redemption of 7 5/8% senior notes due 2009
    		                        
      net proceeds from sale of land to an unconsolidated land investment venture
    		                        
      receipts related to minority interests
    		                        
      payments related to minority interests
    		                        
      cash (received) paid for income taxes
    		                        
      conversion of debt to equity, including tax benefit
    		                        
      non-cash distributions from unconsolidated entities
    		                        
      issuance of common stock for employee compensation
    		                        
      consolidation/deconsolidation of previously unconsolidated/consolidated entities, net:
    		                        
      other debts payable
    		                        
      minority interest
    		                        
      acquisitions:
    		                        
      fair value of assets acquired
    		                        
      goodwill recorded
    		                        
      fair value of liabilities assumed
    		                        
      cash paid
    		                        
      net earnings from continuing operations
    		                        
      adjustments to reconcile net earnings from continuing operations to net cash from operating activities:
    		                        
      equity in (earnings) income from unconsolidated entities, including 364.2 million and 126.4 million, respectively, of the company’s share of sfas 144 valuation adjustments related to assets of unconsolidated entities in 2007 and 2006
    		                        
      minority interest expense
    		                        
      loss on redemption of 9.95% senior notes
    		                        
      valuation adjustments and write-offs of option deposits and pre-acquisition costs and goodwill
    		                        
      increase in financial services loans held-for-sale
    		                        
      net earnings from discontinued operations
    		                        
      adjustment to reconcile net earnings from discontinued operations to net cash from operating activities
    		                        
      net (additions) disposals to operating properties and equipment
    		                        
      proceeds from sale of business
    		                        
      net borrowings (repayments) under financial services debt
    		                        
      net proceeds from 5.125% senior notes
    		                        
      net proceeds from 5.60% senior notes
    		                        
      redemption of 9.95% senior notes
    		                        
      net payments related to minority interests
    		                        
      net increase in cash
    		                        
      cash at beginning of year
    		                        
      cash at end of year
    		                        
      summary of cash:
    		                        
      consolidation/deconsolidation of previously unconsolidated/ consolidated entities, net:
    		                        
      equity in (earnings) income from unconsolidated entities, net of 126.4 million of valuation adjustments to the company’s investments in unconsolidated entities in 2006
    		                        
      inventory write-offs and valuation adjustments
    		                        
      increase in inventories, net of inventory write-offs and valuation adjustments
    		                        
      additions to operating properties and equipment
    		                        
      proceeds from sales of investment securities
    		                        
      net proceeds from senior floating-rate notes due 2007
    		                        
      net proceeds from senior floating-rate notes due 2009
    		                        
      net proceeds from 5.50% senior notes
    		                        
      conversion of debt to equity
    		                        
      purchases of inventory financed by sellers
    		                        
      fair value of assets acquired, including cash of 0 in 2006, 0 in 2005 and 1,392 in 2004
    		                        
      amortization of discount on debt
    		                        
      minority interests
    		                        
      tax benefit from employee stock plans and vesting of restricted stock
    		                        
      increase in inventories
    		                        
      proceeds from investment securities
    		                        
      proceeds from the sale of business
    		                        
      net borrowings (repayments) under financial services short-term debt
    		                        
      principal payments on term loan b and other borrowings
    		                        
      (payments) receipts related to minority interests
    		                        
      dividends and other
    		                        
      land distributions from unconsolidated entities
    		                        
      fair market value of assets acquired, inclusive of cash of 0 in 2005, 1,392 in 2004 and 9,004 in 2003
    		                        
      fair market value of liabilities assumed
    		                        
      increase in financial services mortgage loans held-for-sale
    		                        
      distributions from unconsolidated entities
    		                        
      increase in financial services mortgage loans
    		                        
      fair market value of assets acquired, inclusive of cash of 1,392 in 2004, 9,004 in 2003 and 37,986 in 2002
    		                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.